Features
- Opening balance of UGX50,000/ USD 50/EUR 50/GBP 50
- Minimum balance of UGX 50,000/USD50/EUR50/GBP50
- Registration for new clubs at a fee
Investment Club Savings Account
An account for groups of people coming together to
pool resources for Investment purposes.
Benefits
- Free monthly standing orders or inter account transfers from member accounts to club account.
- Third party savings withdraw voucher.
- Free monthly statements.
- Preferential forex rates.
- Access to loans using deposits as collateral.
- Competitive interest rates of up to 7% p.a.
- Regular training and capacity building.
- Networking amongst clubs.
- Available in UGX/USD/EUR/GBP.
- Management Information System to manage the club savings
Requirements
- Copy of Registration certificate and club constitution
- Copy of minutes and resolution to open account in HFB signed by members
- Valid IDs for A/C signatories
- 2 passport photos of account signatories
- Proof of residence of the A/C signatories
Enjoy quick and flexible banking with our Mobile Banking App
With only a few taps, get all your financial needs fulfilled through the HFB mobile app. It brings you convenient, fast, and secure banking on the go.
